The Cost and Management Accountants facilitate strategic management decision in respect of economic activities of an organization by their sheer expertise. Study of Cost & Management Accountancy provides in depth knowledge and perspective to manage business under given circumstances. This is a field which provides satisfaction in terms of position as well as remuneration for successful candidates.
The Institute of Cost and Works Accountants of India, the only professional body specialized in the field of Cost and Management Accountancy in India aims at imparting coaching and training in the subject of Cost & Management Accountancy. It was established by an Act of Parliament in the year 1959, though the same was in existence as a company since 1944. The Institute has four Regional councils in the Metro cities.
The ICWAI course is divided into three parts. The first part is the foundation course, where the minimum qualification is 10+2. Candidates who have appeared for the 10+2 exam and are awaiting results can appear for the foundation course. On clearing the foundation course the students are eligible for the intermediate course. Students who have completed their graduation need not appear for the foundation test. They can directly appear for the intermediate course. On clearing the intermediate course students can appear for the final course. Those interested in corporate life can hold positions like Internal Auditor, Finance Manager and Cost Controller etc. after completing the course.
Course
The course is divided into Intermediate and Final with eight papers each. Both have two Stages with 4 papers each. According to the revised syllabus, along with the 8 papers in the Intermediate, two group discussions, two seminars and also computer Hours (50) has been included.
After one clears all the eight papers in the Intermediate, one can go in for the final. In the final along with the 8 papers; Dissertation (5000 words), Computer (100 hours), Modular training (15 days), Audit / Industrial training (6 months) is included.
Eligibility
Candidates with 10+2 qualification can join the Institute's Intermediate course after qualifying the Foundation Course examination of the Institute. Students awaiting result of 10+2 examination may be permitted to appear in the Foundation Course examination. Similarly students awaiting result of Graduation examination may also avail the facility of provisional registration. Direct Registration without appearing for the Foundation course is open to Graduates of any discipline.
Subjects Covered in all 3 Stages:
17. Management Accounting Decision Making
18. Management Accounting Financial Strategy and Reporting
19. Cost Audit and Management Audit
20. Valuations Management and Case Study
FEE STRUCTURE
Cost of Prospectus-Rs.200/-
Postal Tuition Fee (including study material) - Rs.9000/-
Oral Coaching Fee (including study material) - Rs 14000/-